With new deal, Exencial edges near to $1 billion and starts to look like an RIA acquisition alpha dog
After a big 2011 merger, the Oklahoma-based firm is back in deal mode targeting the Southwest
Mariner Wealth Advisors
RIA Welcoming Breakaways, RIA Serving Endowments/Foundations, Advisory Firm
Top Executive: Marty Bicknell
Steve
it would be helpful if you wrote a summary of deals done in 2012 with terms. OK, maybe that’s asking a lot, but terms and valuations of some of these buy-outs (ups?) would be insightful. Some will be cash, others will be stock. And what kind of valuations are you hearing?
Brooke Southall
I agree it would be helpful. I’m not sure the last time ANYONE revealed price and terms on an RIA deal. It’s irritating that people view it as a state secret. Sure, there’s all kinds of factors that go into a price for a practice, but we can handle the truth.
Steve
Wouldn’t it be great if editors who represent themselves as being “in the know” ferreted out such details, maybe not to reveal about a specific deal, but after several months, shared findings generally in ways that would not burn their sources? This would be some real journalism of value!
Brooke Southall
If only I were that clever!
